Natural gas price remains surrounded by strong factors that are represented by stability below the resistance of $3.350 besides forming extra barrier at $3.200 level, to confirm its surrender to the previously suggested bearish scenario.

The fluctuation near $2.880 level is caused by the attempt of gathering the required negative momentum to confirm breaking the barrier at $2.820, to ease the mission of resuming the bearish trend by reaching $2.620, where breaking it will confirm its move to a new negative station, to expect forming extra target at $2.620 support.

The expected trading range for today is between $2.620 and $3.100

Trend forecast: Bearish

No news about the EURJPY pair’s price since Friday’s trading, due to its fluctuation near 186.65 barrier, which represents an intraday obstacle against the attempts to resume the main bullish trend.

Note that the stability within the minor bullish channel’s levels by forming initial main support at 185.45 level, these factors make us wait for breaching the current barrier and holding above it to confirm its readiness to resume the bullish trend by its rally towards 186.95 level, to attempt to reach the next main target near 187.60

The expected trading range for today is between 185.90 and 186.95

Trend forecast: Bullish

The GBPJPY pair continued forming sideways trading, to notice its continued fluctuations near 218.40 level without recording any new positive target due to the contradiction between its stability below 218.65 barriers against the attempt of providing positive momentum by the main indicators, specifically by stochastic reach to 80 level.

In general, the main scenario remains bullish, depending on the stability of the initial main support at 216.55, which makes us wait for breaching the current barrier, to begin targeting the positive stations and expect reaching 219.40 initially, putting a pressure on the psychological barrier at 220.00.

The expected trading range for today is between 217.85 and 219.40

Trend forecast: Bullish

Platinum price kept its stability within the bearish trend, depending on the continuation of forming extra barrier at $1695.00, reaching $1566.00 level in Friday’s trading, approaching the suggested initial target in the previous report.

The price rally towards $1620.00 shows its attempt to gather the required extra negative momentum to reach the main negative stations at $1555.00 and $1515.00, while surpassing the extra barrier and holding above it will force it to delay the bearish trend, providing a chance for recovering some losses its rally towards $1740.00 reaching the resistance near $1780.00.

The expected trading range for today is between $1515.00 and $1640.00

Trend forecast: Bearish